Send 25 cents for sample package Asparagus a relishable and pleasant In the hope that my intention to offer a real good coffee surrogate might meet with the same approval the genuine Californian Fig coffee has, I invite the public to make a trial. HERM MEYER $ CAPITAL, $1,000,000 Fireman's Fund Ins. Co. THE LARGEST FIRE INSURANCE COMPANY ORGANIZED WEST OF NEW YORK A PROSPEROUS AND PROGRESSIVE CO. OF THE CCASIONALLY promi nent shipbuilders from Great Britain and Europe, also from the Atlantic seaboard of our own country, visit San Francisco, and while here they make it a point to present themselves at the Union Iron Works. Not that they care so much about seeing a modern shipyard, but the problems involved in the successful operation of a great shipbuilding establishment under the conditions existing in San Francisco are so different from what they would consider favorable to such an enterprise that they feel in duty bound to investigate as far as they can what possible advantages there can be to offset the wellknown difficulties of carrying on such work here. Far removed from the centers where the raw materials are produced, most of which must be transported nearly three thousand miles by rail, or fourteen thousand by water, with the cost of labor higher than in any other producing coun 103744 try in the world, presents a field for industrial enterprise that can hardly be said to promise ultimate success. And yet, the Union Iron Works of San Francisco was established and has reached a moderate measure of success under the conditions noted above. The first question usually asked by tne visiting shipbuilder is why such an establishment was undertaken in the face of so many adverse conditions. The general answer to this question is that there are to be found scattered all over the industrial world such cases as this, where important industries are established, built up, and reach a certain measure of permanent success under the most unfavorable conditions, through local causes that are secondary as viewed in relation to the industry at large, but which are of great importance in their effect on the particular establishment that seems to succeed in spite of conditions that are generally necessary to success, being entirely absent. The local condition that makes a large shipbuilding establishment in San Francisco both a possibility and a necessity, |